Base founder Jesse Pollak said the Ethereum layer-2 network is working with Coinbase on a tokenized equities product backed 1:1 by underlying shares.  Summary Base and Coinbase now near 1:1-backed tokenized stocks designed to represent actual underlying equity ownership. Jesse Pollak says Robinhood Chain moved faster by placing tokenized equities directly in EVM markets. Coinbase’s

Polymarket has referred nearly 100 suspicious crypto wallets to law enforcement as the prediction market platform expands its monitoring of possible insider trading. Summary Polymarket referred nearly 100 suspicious wallets to authorities as insider-trading concerns grew across prediction markets. Bloomberg analysis found about $200 million in flagged trades, concentrated heavily in geopolitical prediction markets. Recent

Tether Gold has gained commodity status in Abu Dhabi, as DefiLlama data shows XAUT’s locked value has climbed more than threefold to about $2.86 billion over the past year. Summary ADGM recognized Tether Gold as an Accepted Spot Commodity for approved regulated firms. XAUT’s locked value more than tripled over the past year to $2.86

Exodus Movement has cut about 25% of its global workforce as the crypto wallet company reorganizes around a full-stack stablecoin payments platform. Summary Exodus has cut 25% of its global workforce, potentially affecting about 54 employees. The company expects $10 million to $13 million in annual savings by 2027. Exodus is integrating Monavate and Baanx

Coinbase has backed a tougher CLARITY Act after Senate Democrats added customer safeguards, even as its 2026 approval odds have fallen to 31% on Polymarket amid a dispute over ethics rules involving President Donald Trump. Summary Coinbase backs the revised CLARITY Act after Democrats secured stronger customer protections. White House resistance to crypto ethics rules

SpaceX stock has fallen to $119.79 after seven straight losing sessions, leaving SPCX 11% below its $135 IPO price before Tesla’s second-quarter earnings and a renewed Starship launch attempt. Summary SpaceX stock closed 3.34% lower at $119.85 before recovering slightly after hours. SPCX faces resistance near $125 as Tesla earnings and Starship Flight 13 approach.

The US House Agriculture Committee has scheduled a hearing on sports prediction markets as two gaming associations press Congress to prohibit sports contracts offered by platforms including Kalshi and Polymarket. Summary US lawmakers will examine sports prediction markets amid pressure to prohibit sports contracts. Gaming associations argue Kalshi and Polymarket offer products resembling traditional sports

Nigeria’s President Bola Tinubu has signed an executive order targeting regulatory gaps in a crypto market that received about $59 billion in inflows between July 2023 and June 2024, according to the International Monetary Fund. Summary Tinubu’s executive order coordinates crypto oversight without creating a new regulator. Nigeria will tighten registration, tax reporting and supervision

Cardano price remained under pressure on Monday despite the activation of the network’s van Rossem hard fork, leaving ADA traders focused on whether the token can break through its next major resistance zone. Summary Cardano remains near $0.16 as weak momentum limits gains following the van Rossem hard fork. ADA must reclaim $0.17 and $0.19

Kevin Warsh held stakes in a stablecoin venture and a dozen protocols, called Bitcoin the new gold, and became the friendliest Fed chair crypto has ever had. Then Congress asked whether the Fed would rescue the sector in a run, and he said the one word the industry was not expecting. Summary On July 14,